Banks, thrifts and holding companies

The holding company structure makes sense for large banks with complex business models and small banks looking to bulk up through acquisitions. But for a large swath of banks in the middle, the benefits are harder to spot.

The Dodd-Frank Act included a provision to lock some of the biggest firms into enhanced supervision even if they wanted to exit. But that grasp may not be as strong as it used to be.

On his last day at the agency, Keith Noreika called for scaling back the Bank Holding Company Act, arguing that it burdens banks with duplicative regulation and restricts their economic potential.

CapStar Financial is suing an investor on claims he misled other shareholders and is trying to skirt bank holding company laws.

Parents of IBs are exempt from bank holding company supervision by the central bank, but that is a strength, not a weakness.

Acting Comptroller of the Currency Keith Noreika is using his short time in office to open a debate about the separation of banking and commerce, which he says is anti-competitive, stifles diversification and may limit regulators' options in times of crisis.

As the interest of fintech firms in the banking system brings a focus on the industrial bank charter once again to Washington, it is necessary to dispel a few misconceptions.

Year to date through March 31, 2017. Dollars in thousands

Full-time equivalent, as of March 31, 2017. Dollars in thousands

Year to date through March 31, 2017. Dollars in thousands